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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $184.80
- 4 Days on Market
- MLS # : 6185548
- Updated Date : 01/28/2021 at 15:51
CONSTRUCTION
- Beds : 2
- Floor Size : 1,461 sqft
- Baths : 1 full , 1 half
Listing Agent
Redfin Corporation
Listing Agent's Description
Golf Course Home! On 13th hole of North Course, large fenced lot ideal for the dog owner! Welcome home to this charming move-in ready, 2 bedrooms, 1.75 bathrooms, workshop, with a large heated and cooled ARIZONA ROOM - ideal for second living area and dining! Bright kitchen, open floor plan, huge storage area/owners closet. Spacious backyard with fruit trees, includes a covered and tiled patio with golf course views! BBQ area and cemented area ideal for the fire pit table and evening guests! This clean and well maintained home is ideal for full time or seasonal residents! Could be a great rental opportunity as well. Don't miss this one!
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PRICE & RENT TRENDS
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sun City
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$144 | |
| Property Insurance | -$56 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$117
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$269,990
PROJECTED PRICE
$1,360
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,297
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,498 |
| Loan Amount | $202,493 |
7.92
YEARS SAVED
$27,584
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,362
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
11647 N Hacienda Drive Sun City, AZ 5
- 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1960 2 beds 2 baths ∙ 1,461 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,360
- $0.93
-
10025 W Riviera Drive Sun City, AZ 1
- 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,330 Sqft ∙ Built 1963
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.94
-
10007 W Lakeview Circle S Sun City, AZ 2
- 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962 2 beds 2 baths ∙ 1,435 Sqft ∙ Built 1962
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.87
-
10131 W Palmer Drive Sun City, AZ 3
- 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,288 Sqft ∙ Built 1963
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,250
- $0.97
-
10214 W Pinehurst Drive Sun City, AZ 4
- 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1963 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1963
LEASED 12/04/20- Rent
- Rent Per SQFT
- $1,350
- $0.95
PROPERTY LISTING DETAILS
Redfin Corporation
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6185548
Last Updated: 01/28/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
